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20130206
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Search Results 0 to 49 of about 101 (some duplicates have been removed)
, the thing that is really holding the economy back? if so then you had a bad week. >> first jobs report of the year. >> fourth quarter gdp numbers are down. >> the republican party can't move forward. >> government spending does actually help the economy. >> a trillion dollar stimulus bill, supposed to create jobs. >> we need to start solving the actual problem. >> we need to cut spending. >> cutting. >> cutting very popular social insurance programs. medicaid, medicare, social security, health care. >> there is another economic reason why we need reform. >> let's help to build the greatest economic engine the world has ever known. >> as congress gets ready to tackle the immigration, there will be a snag. >> the republican party can't move forward. >> doesn't want to do anything on comprehensive immigration reform. >> what would you do about immigration? >> how to deal with border security. >> first we strengthen the borders. >> they have to be reasonable how they do it. >> we define ourselves as a nation of immigrants. >> the economy is back in the spotlight. >> government does help th
. we still have a risk to the economy. i don't see us heading off to a robust, fast recovery. i think 2013 will be better than 2012. i wish i could tell you that it would be really good because that's what we need. >> i don't call myself an economist. i specialize in economic policy. i try to be a good consumer of other forecasts. one thing i learned from that is frankly i don't trust any macro forecast that goes beyond six months. i don't think -- they are just guessing beyond that. i think we probably -- at least i would have similar reactions. i am still concerned about the risks posed by europe. i'm still quite concerned about the risks from things heating up in the middle east. the u.s. economy is repairing itself. we don't have at significant housing drag that we did a year or two ago. balance sheets are repairing. yes, things seem to be heading in the right direction. but i also think that people often make the mistake of confusing the level for the growth rate. i think we need to understand that even if the economy grows at 2% or 3% this year which seems to be the optimistic b
to the economy. a day after the dow closed above the 14,000 mark for the first time since before the financial crisis. >> we are poised to grow in 2013. and the real signs of progress. home prices are starting to climb again. car sales are at a five-year high. manufacturing is roaring back. our businesses created 2.2 million jobs last year. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> now, former senator scott brown says he will not run on a special senate election in massachusetts. it's a setback. republicans who hope to win the seat vacated by secretary of state john kerry. brown lost hre-election bid to elizabeth warren in november. for more on the response to the milestone week to the dow, let's go to kristen welker at the white house for us. good saturday morning to you. what is the take on the latest economic news, after the rocky start with the negative gdp number? >> good morning, alex. a real mixed bag this week. the white house responding as they typically do, when we get one of these jobs reports or gdp report
in the technology industry where it was mentioned that between 2010 2010-2020, the american economy will annually create more than 120,000 additional computer or science jobs that were require at least a bachelors degree. that's just mention one aspect of this. this is great news for many of our computer science students. and for joy that is the end of the good news. each year only about 40,000 american students receive bachelor degrees in computer science. in other words, there are approximately 80,000 new computer science positions every year in the united states cannot be filled by available american workforce positions. and i have positions that need to be filled so that our technology industry can continue to thrive. simply put, u.s. based companies have a great need for those trained in the science, technology, engineering and math fields. but at least right now there are not enough americans trained and ready to fill these jobs. we cannot continue to simply hope that american companies do not move operations to countries where they have greater access for individuals trained in these s.t.e
the economy, they say, is starting to turn around. what is going on here? we will bring in the senior business correspondent and anchor of bulls & bears. thank you for joining us. this number, then, is increasing. in fact, two years ago, 42 percent of retirees were putting off retirement. why the increase? >> it has been -- we have been getting more gray as a workforce because people have longer life spans and they have better health. we have switched from defined pension benefits to more risky 401(k) plans for people who have worked longer. the last two years was a dramatic jump leaving us to think it is something to do with the economy. people have been drawing down the 401(k)'s and into their savings because they have lost jobs and the value of homes are going down. the storm now is back where it was before the big financial meltdown in 2008 but, however, there is a feeling of insecurity. that is what is driving people to stay in the workforce longer. >>heather: home prices are rising now, and you mention the stock which has turned around if now. so, with the economy possibly rebounding, ho
. >> the state of the economy measures to we need see. >>> are you through raising tax rates? >> i don't think the issue right now is raising rates. the question is if we are serious about reducing our deficit can we stop waste in govment, can we conform healthcare programs in particular. we spend a lot more on healthcare than every other country does and we don't get better outcome. there are things we can do to reduce healthcare costs. >> and can we post loophole deductions lawyers take advantage of so they paoloer rates than bus driver or cop? if you combine those together you cannot only reduce the deficit but continue to invest in things like education and research and development that are going to help us grow. >> just a few hours from now president obama will continue his push for gun control. the heated topic on sunday talk shows. kelly wright is life in washington can more. >> president obama will travel to minneapolis the city that is making steps to curb gun violence. he will talk about the issue that can be taken on the federal level to reduce gun violence. it shows deep de visions
of months. to be sure the economy created jobs but it's at a relatively modest pace. we had a report recently of a contraction in the nation's output in the fourth quarter of last year. increasingly you have people like laura tyson writing columns calling for the need for a plan for faster growth, not deficit reduction. what is the president -- i know you've talked about how all the president's plans envision job creation, but what does the president tell his advisors when he sees these signs of a sluggish recovery? what is he asking in the way of things to speed recovery, create jobs and stimulate growth? >> i'll go to the narrow question first. every time the president meets with his economic advisors to discuss policy proposals and refinements to existing policies, the focus is on job creation and economic growth. and that includes when we have discussions about deficit reduction. as i've said many times and as the president has made clear, deficit reduction is not a goal unto itself. it is a means to, if done right , the desired goal, which is greater growth and greater job creat
the economy faster or put more people back to work. the problem is we have a stalemate in washington. this week, we received the 50 estimate of america's economic growth and it reminded us that bad decisions in washington can get in the waive our economic progress. >> eric: the president blames republicans, the republicans blame the president. who is to blame? both? we have the chair of the foreign pac and outreach director for john mccain for president and a congressman from pennsylvania. ford, you heard the litany from the president. after all, he is the commander in chief. he is the president... in charge? >> the president is the biggest obstac toll private-sector job growth in america right now. he seem, to we can tax, spend and regulate ourselves to prosperity. the private sector is asking for certainty. because the president doesn't want to pass a budget or modernize spending for bietlements. he is the big issue. it is up to him to take a long look in the mirror. i agree that congress has played a role. he needs to stop worrying about destroying republicans and start worrying a
to the economy that we are not going to like. the headline from last week about the slowing of our gdp, it is going to be a situation where it is no longer acceptable to kick the can. so, when we talk about the need for tax reforms, i am one who says that we have got to put it all on the table. we have got to be willing to make some very difficult choices. the options if we fail to act are not something that most in this country will be satisfied with. >> i know that says you want to take a look at some of the energy initiatives here. in the house they talked about doing energy efficiency legislation puc that moving? still questionable? >> let me just start by saying that i am a firm believer in doing more in this country when it comes to efficiency. it is one of the legs of the energy tool that is absolutely critical to us. i think it is often overlooked. people look -- people look to the old technologies and there are things making news. someone joked to me once that if we could just figure out how to have a groundbreaking or ribbon cutting that involved some kind of energy efficienc
. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> hey, guys, holding back on front page politics and back to alabama now where there's a news conference on that hostage situation. let's take a listen. >> he's also allowed us to provide coloring books, medication, toys. i want to thank him for taking care of our child. that's very important. at this time i'm going to let you ask me a couple of questions. but you know it needs to be brief. there's very limited -- i'm limited to what i can give you. >> why medication? >> ma'am, i can't release that. >> do we know if he's actually taking it? >> what do we know about the actual state of the child? >> we can only do a couple. >> does he have television and electricity? >> we don't have a lot of details of that, okay? >> [ inaudible ] bus driver -- hit an emergency button inside the bus to call police. >> i don't have any information about that. >> can you tell us anything about your conversations with the suspect? >> we've been in constant communication with mr. dyke
is that everyone believes that the economy is moving in the right direction. the president is pointing to auto sales, the housing, to manufacturing. and so there's this worry that if this see quester happens, if these deep cuts happen then it could be a major set back for the u.s. economy. the president is saying the threat already is kauszing a lot of uncertainty in the marketplace. >> we've also seen the effects that political dysfunction can have on our economic progress. the drawn out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep, indiscriminate cuts to energy and national security will cost us jobs and it will slow down our recovery. it's not the right thing to do for the economy. >> the president, of course, still wants a bigger deal here. in the meantime he wants a short-term fix of spending cuts and tax revenue. republicans, of course, are not happy with t
to signs of improvement. it did add jobs last month, more carney reminded reporters of the bad economy that this administration inherited. >> when this president took office in january 2009 we were in the miss of the worst recession sings the great depression. we were hemorrhaging jobs something like three-quarters of a million jobs a month. and hole dug by that recession in jobs terms was more than 8.5 million. >> how much work needs to be done. >>. four years since president obama took office, the economy is actually worse in four major categories. unemployment rate. january 2009 when he took office it was 7.8%. today it ticked up to 7.9%. consider the unemployment, the percentage of americans who are not working as much as they are able to or they want to. in 2009 that number was 14.2%. today that number is 14.4%. four years ago, just more than 12 million americans were out of work. now it's 12.3 million americans. today, less than 64% of americans who are capable have working who want to work actually have jobs or are out there looking and that is down 2% from 2009. editor of fox n
the economy as shrunk slightly in the fourth uarter of 2012, presidenn obama says the recovvry issshowwng signn & of growth. the president sat down with c-b-s' scott pelley forrannexccusive innerview aheaddof the superr -3 bowl.marianne rafferty hassmore. 3 ooama says: "housing is 3 going strong, car sales are uu. the truth is overall here were a lottof ositive signs eeonomy is taking a step forward, but some economisss say ii's on a slow path. -3 some say one offthe things polding up progress is folkss in washinggon. president obama is ccaling on lawmakers toowork together on a balanced approach to reduce the deficit and promote economii growth. but continued gridlock may pmpact a deal.dowd: republicans are unwilling to let's ddficit spend in order 3&&pare unwilliig to address -3 government ssending, so they -3 deficit spend, both sides, wwich iswhy the country does not rust washington. -& while thh wwite house and 3 fiscal cciff, the eal alss deferred auuomaticcspending cuts to the beginning of march. congress is still s
away unless the president reaut rides it. jay carney said yesterday even though the economy shrank in the 4th quarter it is still showing signs of life. oo there was positive economic growth in 2012 and 2011 and, you know, we continue to believe as outside forecasters believe that unless actions by those in washington take us in a different direction we will see positive economic growth and job creation this year. >> kevin brady sees things a little differently. he says this is a quote, this president's recovery ranked near the bottom in mainstream job creation. we are 3 million jobs below the prerecession peak of january 2008 and 4.3 short of an economic recovery. >>> the white house blogged about the job's council last meeting over a year ago. the council offered president obama 35 specific recommendations that did not require legislative action that he took action on 33 of them and his administration had already implemented 16. there will be zero additional action from the jobs council unless the president reaut rideses it by the end of today. heather and ainsley. >> peter doocy
to turn around that state's economy. when it comes to the issue the health care, the governor is going head to head with the president. >>gretchen: brian met up with the governor down in baton rouge. what did you find out, brian? >>brian: it was ironic yesterday. governor jindal is talking about knocking taxes down to zero for the people in louisiana. watch. >> since i've been governor, for example, we've got 17,000 fewer government jobs, government positions. we've got now our state budget is 26% smaller. i made it absolutely clear we're not going to raise taxes, but look at what's happened. per capita income, our sri lanka hiren -- our rank is higher than 80 years. for five years in a row we've had more people move into the state rather than leave the state. >>brian: phil mickelson deserves credit by bringing this front and center. i'll paraphrase. i'm giving away 60% of my income. you are looking to do what california is not. that is knock their state tax down to zero. how do you make up that revenue if you want to join florida and texas? >> in louisiana, we've got the fourth-lowest
to be an economy of force response. but, you know, first of all, you know, that has always been our -- other than actual the physical defense of the continental united states or the legal united states, you know, that's been our principal security interest ever since before we were a nation. it's clearly a moment in time where the -- and, of course, through history the patterns have gone back and forth between more autocratic and more liberal governments and regimes in that area. and we have a lot of partners with whom we could be working. we have had a, i mean, our model partnership with colombia which, you know, has been a pretty low-level thing, one which the house of representatives has traditionally kept very close tabs on is a model, counterinsurgency partnership. if we had aped that model in some of our middle east engagements, we would have been much better off also today. but it suggests that, um, again -- and it's possible to work with the brazilians, for example. the brazilians were the leading force in the u.n. mission in haiti. so it, some good things have been happening even while t
makes it special is that we have a social market economy and we have focused on environment and climate issues. we will also try to make a good basis of that. and all of the other things that make europe special. what we need to do is to change what we feel is our core values. we need to do this come as, as i have tried to do back home in denmark. we have done three things. first of all, we have kept an extremely tight budget. we have adopted a budget legislation and we can no longer exceed our budget from here on turn year-to-year. all of this means that we have a very low interest rate in denmark, we have become a safe haven. a tight budget is important. the second thing is to be on a reform friendly. we have performed so much the last year that i don't think it has any comparison in our history. we have performed early retirement, and we have now reformed the benefit system. we are trying to reform the education system. we have been on a big frenzy. there then come i feel that this is important. we have tried to bring balance into our budget. at the same time, having a focus on the g
and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. and the active ingredient relieves your cough. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating what i kn is better nutrition. mmmm. great grains. search great grains and see for yourself. >> quick headlines. there was no fire alarms, no spreupb khrers at the -- sprinklers at the nightclub where people died in brazil. he resigned after an embarrassing facebook relationship. now congressman anthony weiner making a come back possibly as a new york city comptroller. >>gretchen: did you know that you share an office with about 500 co-workers who you can't actually see? bacteria that can live on practically any surface on some wo
's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s
that jobs are being outsourced by the millions there will be more. we are a knowledge based economy and then we find that knowledge is pitifully narrow-based in this country when it it comes to the ability to employ people. we are paying a huge price and it's only begun. it's only begun because of this. these baby boomers as they reach 62 are taking early social security. they are going to be tapping. >> shannon: at a penalty. >> therefore even greater demand than expected on social security. we are watching the social safety net protect the lives of so many and without it, frankly, so many millions of people would be in even worse trouble. now that social safety net is going to be under such severe strain. it's going to threaten, i think -- there is the prospects it will threaten it to the point it will collapse. >> you mentioned homes which is negative for folks in this age group in another way if they have lost their job and trying to get back in, it's a much harder time for them to get back in other age group. if they have a home and underwater in it, they can't pick up and move
and their financiers. so now they are getting the stuff out of the u.s. and into emerging economies. >> jennifer: so is that why coal is now a dollar a ton? these companies are buying it for so cheap; is that why? >> that is sort of a scandal in of itself. the majority of coal is from an area called the power river basin, and most of that is federally owned coal, and the federal government is responsible for -- >> jennifer: wait, when you say federally owned coal, you are talking it is leased -- they go down, but it is on public lands. >> exactly. it is on public lands, and the rocks themselves belong to the american taxpayers, and the federal government is responsible for leasing that land to the coal industry in a responsible way. but in reality they are selling it for as low as a dollar a ton. and that has resulted in a over $30 billion subsidy to the coal industry. >> jennifer: so you have the potential for the building of these ocean terminals which will be places from which all of that coal will go over to china. where do the proposals to build that stand now? who is res
murder. chris kyle leaves behind a wife and two kids. >> the white house says they economy is beginning to heal as the dow passes the the 15,000 market. and the housing market shows sign signs of recovery. but unemployment is up and the white house hasn't passed a budget or cut spending. it's a mixed bag, adding up to a catastrophe, according to our next guest, an author from nashville. thank you for your time today. >> thank you. the other story, i have a son-in-law, a former sniper. it's very touching, awful story. >> it is. our sympathies go out to the two families that are involved and the loved ones of of both of them. you are an expert in the economy. we have had positive signs. why do you think we are headed in the wrong direction? >> we are not growing fast enough to bring the unemployment rate down and get rid of the huge unemployment and the people who have ls left the labor force. you know, the longer this time last. it is not just a number. these are the real people who lose their pride, their self-esteem and their jobs skills and their chance to becoming productive american
economy, if you will, a more and more consumers are using their debit card. more and more consumers are using their credit cards. >> a penny fear your thoughts, or lucky penny or things like that. martha: the u.s. is wrestling with the same issue. you know when you go to buy something and you have the canadian penny. gregg: you should patiently take them out. i put them all in a jar and once a year i take them down to the bank and i get $10. martha: that's what guides are for. get them to roll them up. gregg: welcome to bin ladenland. pakistan to build an amusement park in the very town where a team of u.s. navy seals killed the al qaeda leader. eric, what are they planning? >> reporter: imagine you win the super bowl and they say what are you going to do now? you say i'm going to abbottabadland. the notorious town where usama bin laden was killed by navy seals in 2011. it will start at 50 acres. they hope to go up to 500 acres. it will include a heritage park, jogging trails, rock climbing. mini golf, everything for a well-heeled pakistani family to go to for the weekend. it turns
in chinese cyber attacks a threat to the u.s. and its economy. the moves come after "the washington post", "the new york times" and "the wall street journal" announced recent attacks on their computer systems suspected of original senating from china. social media site twitter as you say said friday dreamly sophisticated hackers from an unidentified source may have stolen the user names, e-mail addresses and passwords of 250,000 customers. now the u.s. has made little progress in negotiations with the chinese to stop this kind of hacking. now the u.s. is considering new economic and diplomatic steps to prevent it and according to "the financial times", more information-sharing between washington and private companies to protect critical systems and infrastructure like power grids and communications systems. >> we, you know, have had and been very clear about our substantial and growing concerns about the threats of economic to economic national security posed by cyber intrusions including the theft of commercial information. we have been clear with the government of china we need to cont
and to safeguard u.s. funds that flowed into the afghan economy. we found that even though the department of defense and the department of homeland security were working with the same afghan banks, neither agency was aware of the other. in addition the department of homeland security had not been included in important interagency working groups designed to coordinate efforts and did -- cash flow. story reported limited interagency coordination put u.s. agencies that risk and definitely were not benefiting and leveraging existing relationships. the next question i posed is particularly important for sigar because it impacts us almost as much as it impacts the agencies implementing reconstruction. and that is whether security conditions permit the effective implementation and oversight. now although the u.s. combat role is met by december 2014 the withdrawal of u.s. troops is well underway. the u.s. and coalition forces have already pulled out at the number of locations in afghanistan leaving some of those places too dangerous for us or the implementing agencies. now some of you may have he
to sort that out. but i'll -- >> i think the economy deserves your judgment as to whether you were right or wrong about the surge. >> i'll explain why i made those comments -- >> i want to know if you were right or wrong. that's a direct question. i expect a direct answer. >> the surge assisted in the objective. but if we review the record a little bit -- >> will you please answer the question? were you correct or incorrect when you said that the surge would be "the most dangerous foreign policy blunder in this country since vietnam"? were you correct or incorrect? yes or no? >> my reference to the surge -- >> are you answering the question, senator hagel? the question is were you right or wrong? that's a pretty straightforward question. >> well -- >> i would like the answer whether you were right or wrong, and then you are free to elaborate. >> well, i'm not going to give you a yes or no answer on a lot of things. >> well, let the record show you refused to answer that question. now please go ahead. >> well, if you would like me to explain why -- >> i actually would like an answer. yes
in the wake of what is the unrest that has rocked the economy. and those officials are now telling the egyptian people hey, don't overeat. meanwhile the iranian president mahmoud ahmadinejad visited egypt today for the first time in we believe more than three decades. is he there for religious summit. he and the egyptian president mohammed morsi reportedly discussed improving regions. north korean officials are some of the world's best when it comes to looking at things. but we cannot say the same for a brand new video production. the low budget propaganda video that depicts the fall of the united states to the tune of "we are the world" with the aid of the video game call of duty. it's a gift from north korea and it's coming up. but first the music world is remembering a man who snarled a primitive ode to teenage love. the song was wild thing. the singer, reg presley. wild thing was a cover. but it became the signature hit for his garage rock band, the trogs. part of the british invasion in the 60's. icons from the jimmy hendrix to bruce springsteen performed their own version of
he's making any demands. >>> now to the economy. and president obama says there's no doubt additional revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development that are going to help us grow. >> well, today the president travels to minneapolis where he'll push for proposals to gun control durs his visit. susan mcginnis is in washington. good morning. >> good morning. this will be the president's first trip outside washington to push his gun proposalproposals. he's pushing for a big rally in support of this. in the meantime the senators are said to be preparing their own legislation very similar to the president's employee posal but conspicuously absent is the assault weapons ban. he takes his pitch for gun sa
Search Results 0 to 49 of about 101 (some duplicates have been removed)